PAOFX vs. VOO
Compare and contrast key facts about T. Rowe Price Target 2050 Fund (PAOFX) and Vanguard S&P 500 ETF (VOO).
PAOFX is managed by T. Rowe Price. It was launched on Aug 19, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
PAOFX vs. VOO - Performance Comparison
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PAOFX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAOFX T. Rowe Price Target 2050 Fund | -0.99% | 17.86% | 13.37% | 19.70% | -19.27% | 16.11% | 17.65% | 23.85% | -7.37% | 19.79% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PAOFX achieves a -0.99% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, PAOFX has underperformed VOO with an annualized return of 9.75%, while VOO has yielded a comparatively higher 14.14% annualized return.
PAOFX
- 1D
- 2.63%
- 1M
- -6.17%
- YTD
- -0.99%
- 6M
- 1.41%
- 1Y
- 16.17%
- 3Y*
- 14.29%
- 5Y*
- 6.81%
- 10Y*
- 9.75%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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PAOFX vs. VOO - Expense Ratio Comparison
PAOFX has a 0.88% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PAOFX vs. VOO — Risk / Return Rank
PAOFX
VOO
PAOFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2050 Fund (PAOFX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PAOFX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.01 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.53 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.55 | -0.38 |
Martin ratioReturn relative to average drawdown | 5.35 | 7.31 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAOFX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.01 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.71 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.79 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.83 | -0.19 |
Correlation
The correlation between PAOFX and VOO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAOFX vs. VOO - Dividend Comparison
PAOFX's dividend yield for the trailing twelve months is around 4.67%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAOFX T. Rowe Price Target 2050 Fund | 4.67% | 4.62% | 2.43% | 2.48% | 5.30% | 3.47% | 2.61% | 4.21% | 5.34% | 2.31% | 2.31% | 2.44% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PAOFX vs. VOO - Drawdown Comparison
The maximum PAOFX drawdown since its inception was -30.94%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAOFX and VOO.
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Drawdown Indicators
| PAOFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.94% | -33.99% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -11.98% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -24.52% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -30.94% | -33.99% | +3.05% |
Current DrawdownCurrent decline from peak | -6.92% | -5.55% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.72% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.55% | +0.18% |
Volatility
PAOFX vs. VOO - Volatility Comparison
T. Rowe Price Target 2050 Fund (PAOFX) has a higher volatility of 5.67% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that PAOFX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAOFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 5.34% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 9.47% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 18.11% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 16.82% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 17.99% | -3.35% |